ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 00200080

J. BRADBURN & COMPANY, LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

J. BRADBURN & COMPANY, LIMITED

REGISTERED NUMBER: 00200080

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		22,423		29,177
Investments	5		99		99
Investment property	6		4,866,304		6,465,000
			4,888,826		6,494,276
Current assets
Debtors: amounts falling due within one year	7	58,943		48,693
Cash at bank and in hand		177,458		259,136
		236,401		307,829
Creditors: amounts falling due within one year	8	(324,172)		(189,971)
Net current (liabilities)/assets			(87,771)		117,858
Total assets less current liabilities			4,801,055		6,612,134
Creditors: amounts falling due after more than one year	9		(425,517)		(425,517)
Provisions for liabilities
Deferred tax		(110,896)		(170,118)
			(110,896)		(170,118)
Net assets			4,264,642		6,016,499

Capital and reserves
Called up share capital	20,431	20,431
Revaluation reserve	3,015,775	3,921,946
Capital redemption reserve	28,897	28,897
Other reserves	91,337	91,337
Profit and loss account	1,108,202	1,953,888
	4,264,642	6,016,499

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J. BRADBURN & COMPANY, LIMITED

REGISTERED NUMBER: 00200080

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2026.

................................................

DAR Wood MRICS

Director

The notes on pages 4 to 11 form part of these financial statements.

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		J. BRADBURN & COMPANY, LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

	Called up share capital	Capital redemption reserve	Revaluation reserve	Other reserves	Profit and loss account	Total equity
	£	£	£	£	£	£
At 1 October 2023	20,431	28,897	3,420,972	91,337	1,972,420	5,534,057

Profit for the year	-	-	-	-	656,106	656,106
Dividends: Equity capital	-	-	-	-	(173,664)	(173,664)
Transfer to/from profit and loss account	-	-	500,974	-	(500,974)	-

At 1 October 2024	20,431	28,897	3,921,946	91,337	1,953,888	6,016,499

Profit for the year	-	-	-	-	194,643	194,643
Dividends: Equity capital	-	-	-	-	(1,946,500)	(1,946,500)
Transfer to/from profit and loss account	-	-	(906,171)	-	906,171	-
At 30 September 2025	20,431	28,897	3,015,775	91,337	1,108,202	4,264,642

The notes on pages 4 to 11 form part of these financial statements.

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J. BRADBURN & COMPANY, LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

J. Bradburn & Company, Limited is a private company limited by shares incorporated in England and Wales, registration number 00200080. The registered office is Helister House, Riding Mill, Northumberland, NE44 6JB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company is exempt from the requirement to prepare consolidated financial statements as all of its subsidiaries are required to be excluded from consolidation by section 402 of the Companies Act 2006.

2.3

Going concern

These financial statements have been prepared on the basis that the company continues to be a going concern. At the accounting reference date the Company had substantial net assets and cash resources.

The directors have not produced formal cash flow forecasts though informally they are of the opinion that the company will continue to enjoy cash surpluses for the foreseeable future. The company continues to trade profitably and to generate sufficient funds to meet its financing commitments as they fall due.

2.4

Revenue

Revenue, being rental income, is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rent incentives and rebates, and value added tax.

2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

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J. BRADBURN & COMPANY, LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery	-	15%	reducing balance
Motor vehicles	-	25%	reducing balance
Fixtures and fittings	-	15%	reducing balance
Office equipment	-	15%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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J. BRADBURN & COMPANY, LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.8

Investment property

Investment property is carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 9 (2024 - 9).

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J. BRADBURN & COMPANY, LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 October 2024	7,478	50,423	47,120	3,939	108,960
At 30 September 2025	7,478	50,423	47,120	3,939	108,960
Depreciation
At 1 October 2024	6,236	26,655	46,120	772	79,783
Charge for the year on owned assets	186	5,942	151	475	6,754
At 30 September 2025	6,422	32,597	46,271	1,247	86,537
Net book value
At 30 September 2025	1,056	17,826	849	2,692	22,423
At 30 September 2024	1,242	23,768	1,000	3,167	29,177

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 October 2024	99
	At 30 September 2025	99

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J. BRADBURN & COMPANY, LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 October 2024	6,465,000
	Surplus on revaluation	116,304
	Transfers intra group	(1,715,000)
	At 30 September 2025	4,866,304

A demerger of the residential property division was approved on 9 December 2024 and the disposal value of these properties totalling £1,715,000 is reflected in the above note.

The 2025 valuations were made by DAR Wood MRICS, a director, on 30 September 2025, the valuation being in accordance with the Royal Institution of Chartered Surveyors Valuation Standards , on an open market value for existing use basis.


	At 30 September 2025

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£

Historic cost	2,198,249	2,855,254
Accumulated depreciation and impairments	(1,446,275)	(1,709,770)
	751,974	1,145,484

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J. BRADBURN & COMPANY, LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	27,556	42,281
Amounts owed by group undertakings	23,750	-
Other debtors	19	-
Prepayments and accrued income	7,618	6,412
	58,943	48,693

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	6,924	3,456
Corporation tax	56,136	65,086
Other taxation and social security	19,051	11,866
Other creditors	127,829	51
Accruals and deferred income	114,232	109,512
	324,172	189,971

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J. BRADBURN & COMPANY, LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	425,517	425,517
	425,517	425,517

The following liabilities were secured:
	2025	2024
	£	£


Bank loans	425,517	425,517
	425,517	425,517

Details of security provided:

The bank loans are secured by charges over certain freehold properties.



Amounts falling due 2-5 years
Bank loans	425,517	425,517

	425,517	425,517

11.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £113 (2024 - £225).

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J. BRADBURN & COMPANY, LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

12.	Controlling party

The ultimate parent undertaking is J. Bradburn & Company (Holdings) Limited a private company limited by shares incorporated in England and Wales, registration number 06572329. The registered office is 32 Portland Terrace, Newcastle upon Tyne, NE2 1QP.

DAR Wood is the company's ultimate controlling party by virtue of his majority shareholding in J. Bradburn & Company (Holdings) Limited.

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